1Z0-1055 Exam Dumps | You have an invoice for a three month lease and wish to recognize the expense monthly for the duration

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Question 15/35

You have an invoice for a three month lease and wish to recognize the expense monthly for the duration of the lease. What must be entered on the invoice in order to do this?

A. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.

B. You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions.

C. You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions.

D. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.

Recent Comments (The most recent comments are at the top.)

Deepak Jadhab - Jul 05, 2021

Correct answer is A, if you do not provide start & end date & the accrual account, you will see this error message on your screen, hence A is the correct answer.
Error Message: You must enter Accrual Account, Start Date, and End Date related to multiperiod accounting. (AP-810634)

raja - Jun 17, 2020

Answer is A
https://blogs.perficient.com/2018/12/28/how-to-use-multiple-period-accounting-for-deferred-expenses/

Farzanah - Apr 27, 2020

Answer is B

Farzanah - Apr 27, 2020

Answer is B

Question 15/35

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